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Re: Dough Theory post# 11062

Wednesday, 01/04/2012 3:48:33 PM

Wednesday, January 04, 2012 3:48:33 PM

Post# of 85951
All the major corn based Ethanol plants in the USA went into BK, and most did not survive, all about 6-9 months after that PR. They were all hedging their bets on the cost of futures in the corn market when the bottom fell out of the corn futures market, and wiped them out over night. The corn ethanol assets were picked up for chicken feed at BK auctions in 2009 IIRC, by major gasoline refiners.

I think the market is now discounting a Lafarge pilot plant failure to happen, and if and when Larry finally PR's a start of construction on the Lafarge PP, there will be one hell of a rally.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!